Is There a Need for a Chief Liquidity Officer?
Liquidity risk can be more severe than volatility risk. Funds may need a designated chief liquidity officer for integrated liquidity management.
The growing appetite for private investments increases the potential for liquidity events, which can create a sudden and unexpected need to raise cash and can threaten a fund’s survival.
PGIM's Institutional Advisory & Solutions (IAS) group makes the case for institutional funds to create a dedicated chief liquidity management function.
The IAS team conducts bespoke, quantitative client research that focuses on asset allocation and portfolio analysis.
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Liquidity risk can be more severe than volatility risk. Funds may need a designated chief liquidity officer for integrated liquidity management.
Institutional portfolio allocations to unlisted, illiquid infrastructure investments have increased for their potential diversification and income benefits.
A framework to help CIOs determine the appropriate allocation of illiquid infrastructure investments.